But with all honestly, Some project with 3 to 7 months old have one time becomes Scam, Good example is OKS CHAIN. The project was over 2 years old, yet end up being scam, as the CEO and other dev cart away with so much money. And abandoned the project.
Crypto currency market is just like normal market, where you buy goods and render services. and you will encounter loss or being scammed by purchasing a fake product. Sometimes you buy things cheap the next time you go back you'll discover that the price is up. So it's also related to bitcoin. There is a tendency that market will favour you or run you shortage. We should just be careful when dealing with crypto currency especially memecoin and shitcoins.
So i strongly disagreed with the term of " do not invest in a brand new project " to be risk free. A lot of new project has yielded x50
of my investment to me most of the time, What i usually do, Once they're up, i take off with my investment and interest. This is my experiences.
And i strongly believes by doing this, Will yield high success to everyone and also helps you to minimize the risk of lossing all your funds.
I quit agree with you on this, but the investment should not be a huge money, rather use your spear money. It's just like a gambling which you play with $1 and get up to $300. Also in crypto you can invest in a new project with $5, if you are lucky and it pump about 50x you can sell and make profit.